MetLife Investment Advisors LLC Takes $3.18 Million Position in EnerSys (ENS)

MetLife Investment Advisors LLC bought a new position in EnerSys (NYSE:ENS) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 45,673 shares of the industrial products company’s stock, valued at approximately $3,180,000.

Other institutional investors also recently made changes to their positions in the company. Zions Bancorporation purchased a new position in shares of EnerSys in the 3rd quarter worth approximately $130,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of EnerSys by 45.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 769 shares during the period. Brown Advisory Inc. purchased a new position in shares of EnerSys in the 3rd quarter worth approximately $208,000. Fox Run Management L.L.C. purchased a new position in shares of EnerSys in the 4th quarter worth approximately $244,000. Finally, Meadow Creek Investment Management LLC boosted its holdings in shares of EnerSys by 26.5% in the 4th quarter. Meadow Creek Investment Management LLC now owns 3,784 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 792 shares during the period. Hedge funds and other institutional investors own 97.18% of the company’s stock.

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Shares of ENS stock opened at $69.37 on Friday. EnerSys has a 52-week low of $61.33 and a 52-week high of $84.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.47 and a quick ratio of 2.53. The company has a market cap of $2,907.30, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 1.49 and a beta of 1.54.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.11. EnerSys had a return on equity of 18.02% and a net margin of 3.94%. The firm had revenue of $658.90 million during the quarter, compared to analyst estimates of $634.75 million. During the same period last year, the company earned $1.18 EPS. EnerSys’s quarterly revenue was up 16.9% compared to the same quarter last year. research analysts expect that EnerSys will post 4.65 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, March 15th. EnerSys’s dividend payout ratio is currently 14.74%.

A number of equities analysts have recently commented on ENS shares. CL King upgraded EnerSys from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. Sidoti cut EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 target price for the company. in a report on Tuesday, January 23rd. ValuEngine cut EnerSys from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, TheStreet cut EnerSys from a “b” rating to a “c+” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $78.00.

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About EnerSys

EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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